Ref to my prev post/publish on 16th May 2022. Price did hit the supply zone and bounce back. It may retest the previous Low on 12th May or may even break it. If you look at weekly time frame (tf 1W), market shown strong bearish movement.
I am not a financial advisor but if you are trading crypto, especially you wanted to take long position, please be careful...
Price might go down at demand zone around 0.080 or maybe around 0.045. Heard some info saying there will be some event on Stellar network going live this June. Not sure what it is and I am not fundamental analysis expert -u can check it out but if price did bounce back on 0.080 demand zone, it is a possibility it will have momentum making new higher high. As u can...
Predicted that price will fall below LOW on the Jan 22nd 2022 but we can see manipulation when it raised back to 0.91870 before droping down to 0.337. Not only breaking the Jan 22nd LOW, but also did break the weekly demand zone (grey zone and currently price is in that zone). On lower TF chart, price seems going futher and may break the current LOW on May 12th...
Currently we can see a lot of infos on social media saying that the current market price are now going to the moon based on the recent news regarding the SEC vs Ripple but.... based on supply and demand tech analysis, it really doesn't look like the price is "comfortablely lifting off".
Yes, anything can happen but we really need to see candles like Apr 20th 2021...
XRPUSD on the daily chart. Previously predicted bearish movement hit aound $0.55 at the supply zone and bounce back up to around $0.9. Now price predicted to make another dip to hit another demand zone and make Lower Low (ref to chart). It based on Weekly candle that are now seems like rejecting market price at current supply zone (ref to weekly chart-you will see...
Not financial advice but here are some ideas on my point of view regarding the market movement. Hope the court case between SEC vs Ripple is settled soon and we will see the Bullish movement.
